Saratoga Investment Corp Stock Forecast

Evaluation of Saratoga Investment Corp stock downgraded after the last trading session.
(Updated on Apr 25, 2024)

SAR Signals & Forecast

The Saratoga Investment Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $23.01 and $23.02. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -0.0429%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Saratoga Investment Corp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The stock had a Golden Star Signal on Friday, April 19, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Saratoga Investment Corp stock

Saratoga Investment Corp finds support from accumulated volume at $23.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.195 between high and low, or 0.84%. For the last week the stock has had daily average volatility of 0.732%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SAR) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Saratoga Investment Corp to open at $23.25, and during the day (based on 14 day Average True Range), to move between $23.06 and $23.56, which gives a possible trading interval of +/-$0.252 (+/-1.08%) up or down from last closing price. If Saratoga Investment Corp takes out the full calculated possible swing range there will be an estimated 2.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $23.29 (0.09%) than the resistance at $23.60 (1.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Saratoga Investment Corp stock A Buy?

Saratoga Investment Corp holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -1.998 Sell Candidate Downgraded

Predicted Opening Price for Saratoga Investment Corp of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.